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When is a Guarantor a Third Party Beneficiary of Another Guaranty?
/in NY Business Litigator Blog / NY Real Estate Litigator Blog /by Scott LaninI recently handled a case where a lender moved for for summary judgment on a guaranty. We opposed the motion there was a material dispute of fact as to whether the guarantors were third-party beneficiaries of a secondary guaranty from the SBA, and thus the liability of my clients and the amount due were not clear. Here […]
When is a Guarantor a Third Party Beneficiary of Another Guaranty?
/in NY Business Litigator Blog / NY Real Estate Litigator Blog /by Scott LaninI recently handled a case where a lender moved for for summary judgment on a guaranty. We opposed the motion there was a material dispute of fact as to whether the guarantors were third-party beneficiaries of a secondary guaranty from the SBA, and thus the liability of my clients and the amount due were not clear. Here […]
Unjust Enrichment Defense in Debt Collection
/in NY Business Litigator Blog / NY Real Estate Litigator Blog /by Scott LaninIn a recent case, I opposed a motion for Summary Judgment in a collection action with the defense of unjust enrichment. The creditor attempted to recover the same debt twice from different guarantors. Here is on of the defenses, I argued: